News Detail

Date/Time

27 Apr 2017 17:36:00

Headline

Resolutions of the 2017 Annual General Meeting of Shareholders (Edit Templates)

Symbol

APEX

Source

APEX

Full Detailed News

Changing the Par Value
Status : Canceled
Reason :
Agenda 9: To consider and approve the combination of the shares of the company
of previous 2 shares to be one new share by increasing shares value (par value),
then the value of the share will be 0.5 Baht. And amendment to Clause 4 of the
Company's Memorandum of Association.
As the Meeting did not approve the capital decrease by way of reduction of par
value of the Company shares, the matter of this Agenda 9 was not considered.
Subject : Merging the par value
Date of Board resolution : 28-Feb-2017
Old par value (baht per share) : 0.25
New par value (baht per share) : 0.50
Remark :
The method and direction of writing off the accumulated loss of the company by
decreasing par value capital and combining shares in the following manner:
The company shall decrease the registered capital by decreasing the current par
value from 1.00 Baht per share to be 0.25 Baht per share and utilize the surplus
amount from the capital decrease to neutralize shares that are less than par
value and write off accumulated loss in that order. This will result in the
reduction of the company's registered capital from 2,999,850,000 Baht to
749,962,500 Baht, with the number of shares still maintained at 2,999,850,000
shares.
After the process of registering the decreased capital, the company will gather
the shares of the companies of previous 2 shares to be one new share, then the
value of the share will be 0.5 Bath and the shares will be decreased from
2,999,850,000 shares to be 1,499,925,000 shares as according to criteria of SET.
The detailed procedures and deadlines were agreed to authorize the Board of
Directors or the authorized signatory of the company is authorized as such, as
according to the laws and/or regulations. Furthermore, decreasing of authorized
capital and combining those shares must be considered for approval from the
meeting of the shareholders only. The Board has agreed to propose to
shareholders for approval during Annual General Meeting for the year 2017
______________________________________________________________________
Capital Reduction
Status : Canceled
Reason :
Agenda 8: To consider on the decrease of capital by decreasing shares value (par
value) from 1.00 Baht per share to be 0.25 Baht per share. And amendment to
Clause 4 of the Company's Memorandum of Association
As the votes to approve the matter were less than ? or 75% of the eligible
present votes, the matter in this Agenda 8 was not approved by the Meeting.
Subject : Capital reduction by reducing par
value
Date of Board resolution : 28-Feb-2017
Par value before capital decrease : 1.00
capital (baht per share)
Par value after capital decrease (baht : 0.25
per share)
Remark :
The method and direction of writing off the accumulated loss of the company by
decreasing par value capital and combining shares in the following manner:
The company shall decrease the registered capital by decreasing the current par
value from 1.00 Baht per share to be 0.25 Baht per share and utilize the surplus
amount from the capital decrease to neutralize shares that are less than par
value and write off accumulated loss in that order. This will result in the
reduction of the company's registered capital from 2,999,850,000 Baht to
749,962,500 Baht, with the number of shares still maintained at 2,999,850,000
shares.
After the process of registering the decreased capital, the company will gather
the shares of the companies of previous 2 shares to be one new share, then the
value of the share will be 0.5 Bath and the shares will be decreased from
2,999,850,000 shares to be 1,499,925,000 shares as according to criteria of SET.
The detailed procedures and deadlines were agreed to authorize the Board of
Directors or the authorized signatory of the company is authorized as such, as
according to the laws and/or regulations. Furthermore, decreasing of authorized
capital and combining those shares must be considered for approval from the
meeting of the shareholders only. The Board has agreed to propose to
shareholders for approval during Annual General Meeting for the year 2017
______________________________________________________________________
Resolution of securities holders
Subject : Shareholders meeting's resolution
Meeting date : 25-Apr-2017
Meeting's resolution : Change from board's resolution
Agenda that is not in line with Board's : Agenda 8: To consider on the decrease
of capital by decreasing shares value (par value) from 1.00 Baht per share to
be 0.25 Baht per share. And amendment to Clause 4 of the Company's Memorandum of
Association.
resolution
Remark :
As the votes to approve the matter were less than ? or 75% of the eligible
present votes, the matter in this Agenda 8 was not approved by the Meeting.
______________________________________________________________________
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